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August 24th - According to Business Insider, the next blockbuster acquisition in the AI industry may not come from yet another model developer. AI model aggregation platform Hugging Face is currently exploring a sale, with a potential deal valuing the company at $13 billion or higher. Sources familiar with the matter revealed that the startup is working with a bank to gauge the interest of potential bidders, but no deal has yet been finalized.On August 24, the Russian Ministry of Defense announced that between 8:00 a.m. and 8:00 p.m. Moscow time, Russian air defense forces intercepted and shot down 269 Ukrainian drones in multiple locations across Russia, including Arkhangelsk, Belgorod, Bryansk and the Moscow region.According to Business Insider, the open-source AI community Hugging Face is currently receiving multiple acquisition offers, with a potential deal value of $13 billion.On August 24, Irans Persian Gulf Straits Authority announced that any vessel violating Iranian regulations while transiting the Strait of Hormuz will face restrictions including fines, impoundment, or confiscation in subsequent passages. The agency requires cargo owners at their destination or origin in the Persian Gulf to check its website for the latest list of violating vessels before chartering them. Furthermore, vessels cooperating with those on this list through ship-to-ship transshipment, transshipment, or other means, effective immediately, will also be added to the list of violators.Irans Supreme National Security Council Secretary Rezaei stated: "If the economic war continues, not a single drop of oil will be exported from the Strait of Hormuz or anywhere else in the Persian Gulf. Iran will consider any countrys participation in or support of the US-led economic war against the Iranian people as an act of war."

Musk Slams the US SEC for Forcing a Tesla Tweet Settlement

Haiden Holmes

Apr 15, 2022 10:04

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Musk, the world's wealthiest person according to Forbes, said that money to take his electric vehicle firm private had been secured at the time he sent his tweets, but the agency "continued to pursue the active public probe."


"As a result, I was compelled to make an illegal admission to the SEC. Those cretins, "Musk explained to the crowd.


Musk said that he felt compelled to deal with the SEC because banks threatened to withhold financing if he did not, thus bankrupting Tesla.


"That's equivalent to holding a pistol to your child's head," Musk said.


"I was obliged to accept that I lied just to preserve Tesla's life," Musk continued.


Musk and Tesla each paid $20 million in civil penalties – and Musk resigned as chairman of Tesla – to address SEC allegations that Musk deceived investors on Aug. 7, 2018, by tweeting that he had "funding secured" to take the business private. At the time, the SEC said that his financing tweets "lacked an acceptable factual foundation."


Musk was also compelled by a similar consent agreement to get pre-approval from Tesla attorneys for tweets and other public remarks that might be significant to Tesla.


On Thursday, the SEC's representative did not immediately reply to a request for comment.


Musk turned down an offer to join Twitter's board of directors last Saturday after revealing his existing ownership of more than 9%. He was supposed to report that he had a position in Twitter greater than 5% and is anticipated to face regulatory scrutiny for missing a deadline to reveal the holding and completing the incorrect form, securities experts said.


Musk said while initiating his takeover attempt for Twitter that he made the offer because he feels "it is critical for there to be an inclusive field for free expression." Musk said that he thinks Twitter's algorithm should be open-source and that the code should be accessible through Github, a Microsoft-owned site for sharing software development code.


When asked whether he has the funding necessary to complete the transaction, Musk stated: "I own adequate resources. I'm willing to do so if feasible." He provided no other information.

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